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Economy of Cayman Islands vs Honduras compared: GDP & Debt

Updated on by Georank team

The Cayman Islands has a GDP of $7.24B compared to $37.1B for Honduras, ranking 158/197 and 104/197 by economy size, respectively.

Cayman Islands vs Honduras GDP by year

Cayman Islands
Honduras
1x
Year GDP, current $
Cayman Islands Honduras
2024 - $37,093,565,854
2023 $7,241,244,269 $34,355,805,528
2022 $6,660,161,212 $31,426,041,807
2021 $6,060,813,808 $28,144,331,507
2020 $5,655,357,984 $23,352,232,484
2019 $5,941,896,600 $24,882,225,742
2018 $5,530,178,499 $24,067,750,760
2017 $5,166,281,293 $23,136,247,991
2016 $4,909,322,200 $21,717,604,952
2015 $4,708,167,255 $20,979,791,685
2014 $4,562,853,582 $19,756,533,972
2013 $4,405,796,081 $18,499,729,215
2012 $4,291,004,486 $18,528,554,398
2011 $4,186,073,160 $17,710,275,685
2010 $4,156,841,164 $15,839,344,592
2009 $4,281,714,618 $14,587,496,229
2008 $4,585,948,969 $13,881,731,876
2007 $4,466,278,031 $12,361,257,681
2006 $4,200,288,282 $10,917,477,066
2005 - $9,757,012,697
2004 - $8,869,299,234
2003 - $8,230,391,347
2002 - $7,858,255,413
2001 - $7,651,162,302
2000 - $7,186,638,029
1999 - $6,394,090,592
1998 - $6,163,707,533
1997 - $5,569,178,707
1996 - $4,798,834,459
1995 - $4,672,346,194
1994 - $4,105,686,899
1993 - $4,190,773,622
1992 - $4,122,846,905
1991 - $3,699,381,195
1990 - $3,734,460,117
1989 - $4,375,896,552
1988 - $4,892,660,944
1987 - $5,024,800,000
1986 - $4,706,100,000
1985 - $4,328,300,000
1984 - $4,029,900,000
1983 - $3,840,550,000
1982 - $3,619,500,000
1981 - $3,501,800,000
1980 - $3,184,400,000
1979 - $2,778,900,000
1978 - $2,393,650,000
1977 - $1,900,700,000
1976 - $1,589,300,000
1975 - $1,330,050,000
1974 - $1,243,000,000
1973 - $1,128,299,436
1972 - $1,030,645,362
1971 - $958,450,000
1970 - $904,400,000
1969 - $844,400,000
1968 - $815,450,000
1967 - $750,950,000
1966 - $692,150,000
1965 - $651,050,000
1964 - $591,100,000
1963 - $553,500,000
1962 - $532,450,000
1961 - $503,300,000
1960 - $475,650,000

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/cayman-islands/honduras | CC BY

GDP per capita in Cayman Islands vs Honduras by year

Cayman Islands
GDP per capita

GDP per capita, PPP
Honduras
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cayman Islands Honduras
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $3,426 $7,486
2023 $99,144 $88,428 $3,227 $7,178
2022 $93,031 $82,296 $3,003 $6,805
2021 $86,450 $74,160 $2,735 $6,203
2020 $82,339 $66,119 $2,308 $5,385
2019 $88,254 $72,697 $2,502 $5,785
2018 $83,866 $71,812 $2,465 $5,633
2017 $80,054 $68,018 $2,413 $5,621
2016 $77,802 $65,680 $2,307 $5,186
2015 $76,379 $64,009 $2,271 $4,846
2014 $75,845 $63,561 $2,180 $4,460
2013 $75,114 $63,648 $2,081 $4,137
2012 $75,102 $64,727 $2,126 $4,016
2011 $75,281 $66,629 $2,074 $3,901
2010 $76,838 $66,325 $1,893 $3,758
2009 $81,374 $69,254 $1,781 $3,656
2008 $89,655 $76,297 $1,732 $3,806
2007 $89,888 $77,337 $1,578 $3,664
2006 $87,085 $75,191 $1,426 $3,438
2005 - - $1,305 $3,204
2004 - - $1,215 $3,001
2003 - - $1,156 $2,821
2002 - - $1,132 $2,715
2001 - - $1,132 $2,645
2000 - - $1,093 $2,587
1999 - - $999 $2,372
1998 - - $989 $2,152
1997 - - $917 $1,959
1996 - - $813 $1,617
1995 - - $814 $1,329
1994 - - $736 $1,074
1993 - - $773 $838
1992 - - $782 $741
1991 - - $722 $684
1990 - - $750 $540
1989 - - $904 -
1988 - - $1,039 -
1987 - - $1,098 -
1986 - - $1,058 -
1985 - - $1,001 -
1984 - - $960 -
1983 - - $942 -
1982 - - $914 -
1981 - - $912 -
1980 - - $854 -
1979 - - $769 -
1978 - - $683 -
1977 - - $559 -
1976 - - $482 -
1975 - - $417 -
1974 - - $401 -
1973 - - $375 -
1972 - - $353 -
1971 - - $338 -
1970 - - $329 -
1969 - - $316 -
1968 - - $314 -
1967 - - $298.2 -
1966 - - $282.9 -
1965 - - $273.9 -
1964 - - $255.9 -
1963 - - $246.6 -
1962 - - $244 -
1961 - - $237.3 -
1960 - - $230.7 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/cayman-islands/honduras | CC BY

The Cayman Islands' GDP per capita is $99,144, ranking 6/197, compared to $3,426 in Honduras, ranking 136/197. Adjusted for purchasing power (GDP per capita PPP), the Cayman Islands ranks 10th at $88,428, while Honduras ranks 146th at $7,486.

Economic indicators

Cayman Islands Honduras
Gross domestic product
$7.24B
2023
$37.1B
2024
GDP rank
158/197
2023
104/197
2024
GDP growth
5.82%
2022-2023
3.55%
2023-2024
GDP per capita
$99,144
2023
$3,426
2024
GDP per capita rank
6/197
2023
136/197
2024
GDP per capita, PPP
$88,428
2023
$7,486
2024
GDP per capita PPP rank
10/197
2023
146/197
2024
Government debt n/a
$17.5B
2024
Debt-to-GDP ratio n/a
47.1%
2024
Government debt per person n/a
$1,613
2024
Government debt per person rank n/a
126/185
2024
Average annual personal income after taxes
$93,253
2026
$4,901
2026
Market capitalization of domestic companies
$644M
2020
n/a
Income share by richest 10% n/a
32.3%
2024
Income share by poorest 10% n/a
1.2%
2024
Government expenditure, % of GDP
14%
2025
25.7%
2024
Consumer prices inflation
-0.63%
2015-2016
4.61%
2023-2024
Central bank interest rate n/a
5.75%
2024
Unemployment rate
4.24%
2015
4.91%
2024
Population
77619
11237619

Inflation comparison by year

Inflation
Cayman Islands

Honduras
1x
Year Consumer prices inflation
Cayman Islands Honduras
2024 - 4.61%
2023 - 6.66%
2022 - 9.09%
2021 - 4.48%
2020 - 3.47%
2019 - 4.37%
2018 - 4.35%
2017 - 3.93%
2016 -0.63% 2.72%
2015 -2.35% 3.16%
2014 1.27% 6.13%
2013 2.16% 5.16%
2012 1.19% 5.2%
2011 1.33% 6.76%
2010 0.28% 4.7%
2009 - 5.5%
2008 - 11.4%
2007 - 6.94%
2006 - 5.58%
2005 - 8.81%
2004 - 8.11%
2003 - 7.67%
2002 - 7.69%
2001 - 9.67%
2000 - 11%
1999 - 11.7%
1998 - 13.7%
1997 - 20.2%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/cayman-islands/honduras | CC BY

Over the past 7 years, the Cayman Islands has recorded an average annual inflation rate of 0.46%, compared with 4.83% in Honduras. In 2016, inflation was -0.63% in the Cayman Islands and 4.61% in Honduras.

Top exports between countries

Cayman Islands
Export category Export value
Honduras
Export category Export value
Animal & marine products $148K
Processed food, beverages & tobacco $106K
Textiles & consumer goods $14K
Chemicals & pharma $12K
Machinery & equipment $8K
Wood & paper products $8K
Raw agricultural goods $5K
Raw materials & minerals $3K
Miscellaneous $2K
Precious metals & jewellery $2K

Balance of trade

Cayman Islands Honduras
Current account balance
-$713M
2023
-$1.65B
2024
Current account balance ranking
116/190
2023
137/190
2024
Current account balance, % of GDP
-9.84%
2023
-4.45%
2024
Goods imports
$1.64B
2023
$14.6B
2024
Goods exports
$150M
2023
$5.67B
2024
Service imports
$1.8B
2023
$3.67B
2024
Service exports
$4.45B
2023
$3.75B
2024
Imports of goods and services, % of GDP
45.8%
2020
57.6%
2024
Exports of goods and services, % of GDP
59.6%
2020
33.5%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Cayman Islands Honduras
Economic freedom 74 59.1
Economic freedom ranking 22/197 105/197
Property rights n/a 35.7
Government integrity n/a 24.6
Judicial effectiveness n/a 27.6
Tax burden n/a 83.1
Government spending n/a 80.3
Fiscal health n/a 95.2
Business freedom n/a 59.4
Labor freedom n/a 37.9
Monetary freedom n/a 70.1
Trade freedom n/a 69.8
Investment freedom n/a 65
Financial freedom n/a 60

Other economic metrics

Cayman Islands Honduras
Services, % of GDP
86%
2023
58.4%
2024
Industry, % of GDP
7.84%
2023
26.1%
2024
Agriculture, forestry, and fishing, % of GDP
0.42%
2023
11.2%
2024
GNI, Atlas method
$5.53B
2023
$32.7B
2024
GNI per capita, PPP
$68,030
2023
$6,900
2024
Total reserves including gold
$234M
2023
$8.04B
2024
Total reserves ranking
169/177
2023
84/177
2024
Net foreign direct investment
-$5.52B
2023
-$620M
2024
Net inflows of foreign direct investment
$35.9B
2024
$1.31B
2024
Net outflows of foreign direct investment
$27.2B
2024
$689M
2024
Servicing debt to the IMF, % of GNI n/a
5.23%
2024
Poverty at national poverty lines n/a
62.9%
2024
Gross capital formation, % of GDP n/a
22.5%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/cayman-islands/honduras | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-04-06)
  2. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  3. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  4. TradeMap (2021–2023, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Fiscal Monitor (2024, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.